BELLA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BELLA
Largest movements
- Cash -€1,759
down €1,759 (-9.2%), from €19,084 to €17,325
mainly Net result for the year (-€4,698) and Receivables within one year (-€1,004)
- Receivables within one year +€1,004
new in 2025: €1,004
of which Trade receivables: +€916
- Tangible fixed assets -€927
down €927 (-23.4%), from €3,958 to €3,031
of which Land and buildings: -€583
- Stocks and contracts -€519
down €519 (-41.5%), from €1,252 to €733
- Profit (loss) carried forward -€4,698
down €4,698 (-46.0%), from -€10,216 to -€14,914
- Debts after one year +€2,220
up €2,220 (+10.3%), from €21,559 to €23,779
- Trade debts +€261
up €261 (+53.5%), from €488 to €749
- Gross operating margin -€8,085
down €8,085, from €7,023 to -€1,062
- Depreciation -€500
down €500 (-35.0%), from €1,427 to €927
- Financial charges -€342
down €342 (-12.5%), from €2,744 to €2,402
- Other operating charges -€332
down €332 (-45.2%), from €734 to €403
- Financial income -€85
down €85 (-46.3%), from €183 to €98
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,505 | €22,271 | -€2,234 | -9.1% |
| Fixed assets | 21/28 | €3,958 | €3,031 | -€927 | -23.4% |
| Tangible fixed assets | 22/27 | €3,958 | €3,031 | -€927 | -23.4% |
| Land and buildings | 22 | €3,590 | €3,007 | -€583 | -16.2% |
| Plant, machinery and equipment | 23 | €368 | €24 | -€344 | -93.6% |
| Current assets | 29/58 | €20,547 | €19,240 | -€1,307 | -6.4% |
| Stocks and contracts in progress | 3 | €1,252 | €733 | -€519 | -41.5% |
| Stocks | 30/36 | €1,252 | €733 | -€519 | -41.5% |
| Amounts receivable within one year | 40/41 | - | €1,004 | +€1,004 | |
| Trade receivables | 40 | - | €916 | +€916 | |
| Other amounts receivable | 41 | - | €88 | +€88 | |
| Cash at bank and in hand | 54/58 | €19,084 | €17,325 | -€1,759 | -9.2% |
| Deferred charges and accrued income | 490/1 | €211 | €178 | -€32 | -15.3% |
| Total equity and liabilities | 10/49 | €24,505 | €22,271 | -€2,234 | -9.1% |
| Equity | 10/15 | €2,440 | -€2,257 | -€4,698 | |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Contributions outside capital | 11 | €7,000 | €7,000 | = | 0.0% |
| Other | 1109/19 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €5,656 | €5,656 | = | 0.0% |
| Distributable reserves | 133 | €5,656 | €5,656 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,216 | -€14,914 | -€4,698 | -46.0% |
| Amounts payable | 17/49 | €22,064 | €24,528 | +€2,464 | +11.2% |
| Amounts payable after more than one year | 17 | €21,559 | €23,779 | +€2,220 | +10.3% |
| Other amounts payable | 178/9 | €21,559 | €23,779 | +€2,220 | +10.3% |
| Amounts payable within one year | 42/48 | €506 | €749 | +€244 | +48.2% |
| Trade debts | 44 | €488 | €749 | +€261 | +53.5% |
| Suppliers | 440/4 | €488 | €749 | +€261 | +53.5% |
| Taxes, remuneration and social security | 45 | €17 | - | -€17 | |
| Taxes | 450/3 | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,427 | €927 | -€500 | -35.0% |
| Other operating charges | 640/8 | €734 | €403 | -€332 | -45.2% |
| Gross operating margin | 9900 | €7,023 | -€1,062 | -€8,085 | |
| Operating profit (loss) | 9901 | €4,862 | -€2,392 | -€7,254 | |
| Financial income | 75/76B | €183 | €98 | -€85 | -46.3% |
| Recurring financial income | 75 | €183 | €98 | -€85 | -46.3% |
| Financial charges | 65/66B | €2,744 | €2,402 | -€342 | -12.5% |
| Recurring financial charges | 65 | €2,744 | €2,402 | -€342 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €2,301 | -€4,695 | -€6,996 | |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €2,301 | -€4,698 | -€6,998 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,301 | -€4,698 | -€6,998 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.